What's In My Wallet for 2021 | Every Day Carry
Looking ahead at 2021 and seeing what's in my wallet! We talk about the credit cards I use, best beginner credit cards, and the random things in my wallet that I carry every day.
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Best Beginner Card Setup:
1. The Citi Double Cash. This is a classic card, and one of my favorites to encourage young credit card users to get because of how darn SIMPLE IT IS. It's literally 2% cash back - 1% when you buy, and 1% when you pay off your balance. That's it, that's literally it guys. No annual fee as usual, and it's straight up one of the easiest cards to comprehend. There are also no foreign transaction fee.
2. Chase Sapphire Preferred.
I would not recommend this card to someone who is COMPLETELY new to credit cards and has no income, but if you do already have a credit card or two, or you're a working Zoomer and like to travel (especially once all this coronavirus is over), this is one of the best rewards cards that are out there.
The annual fee on this card is $95 - so, what does it get you?
Here are the reasons why - first of all, the crazy signup bonus of 80,000 points when you spend $4000 in the first 3 months - for thsoe of you who do not know, basically 1 credit card point is roughly equivalent to 1 cent. So 80k points is worth about $800 in rewards.
You get 2x points on travel and dining, that means if you spend $100 on dining, you'll get 200 points, which is worth about 2% cashback in the form of points.
If you use your points on travel, you get a multiplier on the points, so you can get more for your points if you use it on travel - obviously not so relevant now, but a good thing to bank it in later.
Of course you get all the perks of the CSP including point transfer to airlines, travel protection, a 24/7 access to customer support and no foreign transaction fees.
Overall this is one of the best credit cards to have in your wallet, hands down, and is known as the best travel card, ever!
3. Chase Freedom Flex/Unlimited
Next up we have the Chase Freedom Unlimited Card! This bad boy is, again, free to own - no annual fee, and gives you a $200 bonus just for signing up for the card and spending $500 in the first 3 months.
Now, before you rage at me for suggesting that you need to hit a $500 in spend, I want to say that I would only suggest this card to people that have monthly spending they already do.
So whether its your phone bill, groceries, car insurance, christmas gifts, whatever - make sure that when you do apply for this card that you are expecting to spend around $166 a month to get this cash back.
Strategically plan when you open this card, because if it's spending you were already going to make, then getting a $200 bonus for just opening a card is a pretty good deal, that's 40% cash back on spending you were going to do already.
Not only that, you'll get 5% cash back on grocery store purchases, 5% on any travel through their Chase portal, 3% back on dining, 3% on drugstore, and 1.5% cash back on all other purchases.
This card is just amazing, because you are getting a lot back for the spend that you may already do.
▶️ My name is Humphrey Yang, I've built multiple businesses and am passionate about Personal Finance. If you're trying to build a solid foundation of financial literacy, learn to invest, or become financially free - then I'm here for you! This channel cover topics like getting out of debt, managing money, building credit, multiple income sources, passive income, etc.
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Пікірлер: 98
What random things do you have in YOUR wallet?
@azizaahumbai7924
3 жыл бұрын
0 credit cards, countless discount cards 😁 I guess, I am on a right direction.
@humphrey
3 жыл бұрын
@@azizaahumbai7924 hahaha :D Get 1 credit card but use it responsibly!
@azizaahumbai7924
3 жыл бұрын
@@humphrey would get as many as I can if I were in USA system. 😄 in my country, we dont have "cheap" money
@azizaahumbai7924
3 жыл бұрын
@@humphrey between, would be great to have a video on investing into American stocks for foreigners.
@zer0edgy952
3 жыл бұрын
A lot of really old bus tickets :D
Love the video man. Good quality and entertaining editing. Keep em comin
@humphrey
3 жыл бұрын
Thank you! Will keep going. Appreciate the comment Ben
what a coincidence , I also look thru my friends wallets :) however, I don't ask for their permission :) and then sometimes they end up with less cash :) and sometimes I take a photo of the front and the back of their credit cards and nonchalantly ask them what zip code they live in :) Humphrey we have so much in common :)
@legend-pn9rp
3 жыл бұрын
do you live in india?
@MrThekingbaby
3 жыл бұрын
@@legend-pn9rp yes
@Kmeyer1011
2 жыл бұрын
I mean if you knew where they lived wouldn’t you know their post code 🤨
@MrThekingbaby
2 жыл бұрын
@@Kmeyer1011 you know the exact address of every single friend of yours? you must have like 3 friends
@Kmeyer1011
2 жыл бұрын
@@MrThekingbaby well no because a postal code isn’t an exact address 😂
hey humphrey! have you ever thought of replacing that amex gold with the us bank altitude go with their 4x on dining with no AF or the new Citi custom cash? just curious:P
Speaking of wallets, where’d you get yours? I’ve been looking for one with a minimal design like that for a while now.
Loved it! Make a new one for 2022?
Found you through a BuzzFeed video and you’ve earned a sub sir. Keep up the great work!
@Broo67hello
3 жыл бұрын
Same but i think i already saw him before
@Broo67hello
3 жыл бұрын
And i already subscribed to him
@humphrey
3 жыл бұрын
Welcome aboard! thanks Slampog :)
Best breakdown of the Amex gold thank you!
@humphrey
3 жыл бұрын
Wow, thanks!
Oh! I didn’t expect this to be a new video! (just checked the date)
@humphrey
3 жыл бұрын
Boom! New videos always.
HI, great info, I'm just curious, since you are a Costco member, why not get a Costco Visa?
gonna keep this in mind for next year!!
@humphrey
3 жыл бұрын
Thank u
Humphrey, beginners credit card setup for Canadian credit cards?
this video made me take a 2nd look at the Sapphire Reserve over the AMEX Platinum
Just popped in here from a video by Now This. Didn't expect a video right after seeing that 😂
@humphrey
3 жыл бұрын
oh awesome!
AmEx gold also has the $100 airline fee credit(until Jan 2022)!
What wallet do you have? I'm always looking for a good front pocket wallet
Normal people when they see their friends wallet, “oh I’m not gonna touch that that’s none of my business” me, a super credit card nerd “what you got in there?!!! Better be gettin them rewards!!!!!!!!”
awsome video
@humphrey
3 жыл бұрын
Thank you sir :D
Great video as always, i think that you should make a "daily routine" video, kind of goes hand in had with an EDC video. I also wanted to ask you if you edit your videos yourself or do you have an editor? Also, because of your book video i bought "Rich dad, poor dad" im very much looking forward to reading it in the new year, thats one of my goals, to read more!
@humphrey
3 жыл бұрын
thanks zer0 :) I do have an editor for some of my videos! Not all of them though.
Great explanation to the gold card bro
@humphrey
3 жыл бұрын
Glad you liked it
how do you feel about the costco citi visa
Don't forget you get $120 in Uber credits every year on the personal Gold Card. So, the effective annual fee comes down to $10.
I'm shocked by your priority pass comment. I agree in SF it's worthless but, some of the lounges I've stayed in have been incredible. Calgary and Seoul lounges were remarkable.
Is statement credit for AMEX gold really 1c per point now?!
Kind of a late comment but when you talked about the Gold Card, why did you decide not to discount the fact that a no annual fee card gives 2% for all categories? In my opinion, to look at 'cash back rewards' of the Amex, it should be 4x on dinning - 2x because something like the citi double cash would be giving you 2% thus from a spend perspective, you are paying the annual fee for an additional 2% in those categories.
I used Bank of America travel rewards for everyday needs, buying online, subscription and stuff, 2 points every $1 spend. For gas, I use The cash rewards from the same bank for 3% cash back. 💪🏼
@humphrey
3 жыл бұрын
Nice :) those are great.
No mention of the Fidelity Rewards card? 2% cash back on all purchases (you don’t have to wait for the 1% like the Chase Double card).
Love the content! Have you done a video about Robinhood and if you haven’t what are your thoughts?
@humphrey
3 жыл бұрын
Not yet, but i plan to do a comparison between Robinhood and Webull at some point in the near future. Or Robinhood vs M1Finance.
Can we have a what's in my Phone or PC vid to know all the apps you use maybe? :)
Been on the hunt for my next credit card once I have more of an income to spend, so that was nice. I have to say, in 4 years of just responsibly using 2 credit cards for all purchases, I've racked up an almost 800 credit score at age 22! I try to explain to my peers the value of that but they don't listen.
@humphrey
3 жыл бұрын
That’s awesome! Yeah sometimes people are slow to adapt. That’s so great to hear tho.
That CSR has seen better days. 😬 Time to order a replacement! Priority Pass lounges are 3x better internationally. Centurion Lounges win for U.S. ones.
@humphrey
3 жыл бұрын
Hahaha ya mine is so old 😅 thx for the comment!
I like the capitalone savor card , no annual fee and 3% on restaurants.
@humphrey
3 жыл бұрын
Word! That’s a good one too
Can u please make a detailed video on health insurance please and which insurance to buy ?
@humphrey
3 жыл бұрын
I’m admittedly bad at health insurance choices. Mine is $517 a month and I’m not even sure what type of coverage I have. I’ll have to do way more research
One last question ! Aha is it a good idea to buy AT and T stock right now since it’s so low
@humphrey
3 жыл бұрын
Im a big believer in AT&T but that is up to you ;)
What type of wallet is that?
Yes, cash is always useful. But $171? Wouldn't a tidy $20 be enough, considering you still carry cards?
Don't most of the beginner cards you suggest have pretty high credit score thresholds...?
@humphrey
3 жыл бұрын
Correct, the citi doublecash is probably the most accessible beginner one, if not, go for a Discover IT Secured card to start.
My wallet is literally a mini survival kit 😂
Does Wells Fargo have any good credit cards, and if so which ones ?
@humphrey
3 жыл бұрын
they have the cash back card, its a yellow colored card if i remember.
@fwayzay
3 жыл бұрын
@@humphrey thank you
@docsays
3 жыл бұрын
The WF Propel is pretty solid
I have a delta skymile platinum card with $250 annual fee should I keep it?
@benhargrove7969
3 жыл бұрын
I downgraded from gold to blue. No annual fee. Same benefits except the free checked bag that comes with gold.
What Chase Business Credit Card do you use?
Hi. New subscriber here. First of all, thank you for making these informative videos. I’ve been binge-watching them these past few days and shared them with friends. I’ve been using Capital One Venture - zero annual fee, every dollar spent is equivalent to 1 mile. I have accumulated over 200k miles now. Can’t wait to use them when travel restrictions are lifted.
@humphrey
3 жыл бұрын
So happy to hear you're here June! And you're welcome, Im hoping that they're still good. I sometimes look at videos even from a few months ago and think the quality (video/audio) was still not great...hahah
What kind of coffee do you buy at Costco ?
@humphrey
3 жыл бұрын
Peet's Dark Roast! Ground.
Subbed.
@humphrey
3 жыл бұрын
NICE!
Just out of curiosity, do you ever delete any comments or do you just miraculously have the most positive comment feeds on KZread? I mean no slurs, name calling, or arguments? Regardless of the videos content that’s rare. However I guess your videos are about bettering yourself and gaining maturity which doesn’t typically attract idiots. Any-who, great videos!! I’ll tell you like I told my girlfriend, you keep puttin out and I’ll keep coming back!
@humphrey
3 жыл бұрын
I don’t delete negative comments!! There are some bad comments through some videos but I leave everything up. The only comments I delete are scammer comments haha
Hey! Which wallet is that??
@humphrey
3 жыл бұрын
its a Ferragamo card wallet i picked up in 2014 for like $250 at the time, designer... not worth the $$!!
I'm gonna have to report you to that driving range and Stanford
In my wallet: Discover Chrome Paypal MC Andrews VS card NIH Travel VS card Target Redcard 1 debit card for cash access DL & Health Ins card
new update what’s in my wallet? 🫢